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TFI International (TFII) Financials

TFI International logo
$81.11 +0.46 (+0.57%)
As of 12:35 PM Eastern
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Annual Income Statements for TFI International

Annual Income Statements for TFI International

This table shows TFI International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 4,612 276 900 10,863 505 422
Consolidated Net Income / (Loss)		 4,612 276 900 10,863 505 422
Net Income / (Loss) Continuing Operations		 4,634 276 900 10,863 505 422
Total Pre-Tax Income 		4,710 363 906 11,105 677 561
Total Operating Income		 4,625 349 743 10,891 663 553
Total Gross Profit		 5,077 787 1,504 11,814 1,525 1,571
Total Revenue		 7,766 3,784 7,215 17,314 7,530 8,411
Operating Revenue		 7,766 3,784 7,215 17,314 7,530 8,411
Total Cost of Revenue		 2,690 2,997 5,711 5,500 6,005 6,839
Operating Cost of Revenue		 2,690 2,997 5,711 5,500 6,005 6,839
Total Operating Expenses		 452 438 761 923 862 1,018
Depreciation Expense		 246 251 338 375 382 502
Amortization Expense		 50 48 55 56 60 80
Other Operating Expenses / (Income)		 156 151 380 492 435 435
Impairment Charge		 - - - - -15 0.19
Total Other Income / (Expense), net		 85 13 309 214 14 7.33
Interest & Investment Income		 - -0.01 -0.02 - -0.04 0.00
Other Income / (Expense), net		 85 13 310 214 14 7.33
Income Tax Expense		 77 87 152 242 172 138
Weighted Average Basic Shares Outstanding		 - 93.40M 92.15M 86.54M 84.44M 84.41M
Diluted Earnings per Share		 - $3.03 $7.91 - $5.80 $4.96
Weighted Average Diluted Shares Outstanding		 - 93.40M 92.15M 86.54M 84.44M 84.41M
Weighted Average Basic & Diluted Shares Outstanding		 - 93.40M 92.15M 86.54M 84.44M 84.41M

Quarterly Income Statements for TFI International

No quarterly income statements for TFI International are available.

Annual Cash Flow Statements for TFI International

This table details how cash moves in and out of TFI International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 822 821 476 128 195 -346
Net Cash From Operating Activities		 1,013 443 669 972 1,014 1,063
Net Cash From Continuing Operating Activities		 1,013 443 669 1,245 970 1,043
Net Income / (Loss) Continuing Operations		 234 276 754 823 505 422
Consolidated Net Income / (Loss)		 234 276 754 823 505 422
Depreciation Expense		 169 171 225 375 382 502
Amortization Expense		 50 48 55 56 60 80
Non-Cash Adjustments To Reconcile Net Income		 561 -56 -365 278 266 308
Changes in Operating Assets and Liabilities, net		 - 4.74 - -287 -243 -270
Net Cash From Investing Activities		 1.21 -5.10 4.77 -323 -797 -1,245
Net Cash From Continuing Investing Activities		 1.21 -5.10 4.77 223 -797 -1,245
Purchase of Property, Plant & Equipment		 - - - -431 -364 -399
Acquisitions		 - - - -158 -629 -958
Purchase of Investments		 -0.60 -7.45 -36 -6.12 -42 0.00
Sale of Property, Plant & Equipment		 - - - 260 124 99
Sale and/or Maturity of Investments		 1.81 0.00 41 13 89 19
Other Investing Activities, net		 - - - -0.31 25 -5.42
Net Cash From Financing Activities		 -192 382 -198 -808 9.18 -399
Net Cash From Continuing Financing Activities		 -192 382 -198 -1,067 -22 -164
Repayment of Debt		 - - - -493 -169 -702
Repurchase of Common Equity		 - - - -568 -288 -77
Payment of Dividends		 - - - -97 -121 -134
Issuance of Debt		 - - - 334 575 500
Other Financing Activities, net		 - - - 17 13 14

Quarterly Cash Flow Statements for TFI International

No quarterly cash flow statements for TFI International are available.

Annual Balance Sheets for TFI International

This table presents TFI International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 1/1/2019 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 2,969 3,509 3,847 5,884 5,506 6,284 7,146
Total Current Assets		 501 527 653 1,162 1,264 1,336 1,037
Cash & Equivalents		 0.00 0.00 4.30 19 147 336 0.00
Accounts Receivable		 463 452 598 1,056 1,031 895 928
Inventories, net		 9.35 11 8.76 24 24 24 18
Current Deferred & Refundable Income Taxes		 - - - - 13 24 12
Plant, Property, & Equipment, net		 1,024 1,125 1,074 2,455 2,132 2,415 2,891
Total Noncurrent Assets		 4,413 1,885 2,120 2,321 2,149 2,588 3,284
Long-Term Investments		 - 0.00 - 31 86 50 22
Goodwill		 - 1,505 - 1,793 1,592 2,019 2,623
Noncurrent Deferred & Refundable Income Taxes		 14 8.82 11 30 27 21 14
Other Noncurrent Operating Assets		 3,000 371 361 467 439 498 625
Total Liabilities & Shareholders' Equity		 5,937 3,509 3,847 5,884 5,506 6,284 7,146
Total Liabilities		 1,813 2,350 2,059 3,573 3,043 3,692 4,473
Total Current Liabilities		 893 488 654 1,407 967 1,066 1,004
Short-Term Debt		 - 41 43 364 37 198 109
Accounts Payable		 349 341 468 862 709 672 639
Other Current Liabilities		 531 83 143 142 221 196 249
Total Noncurrent Liabilities		 2,732 1,862 1,404 2,166 2,076 2,626 3,469
Long-Term Debt		 1,170 1,303 830 1,245 1,279 1,714 2,314
Capital Lease Obligations		 - 279 267 314 297 333 421
Noncurrent Deferred & Payable Income Tax Liabilities		 213 240 232 424 368 433 521
Noncurrent Employee Benefit Liabilities		 12 14 16 68 0.00 53 70
Other Noncurrent Operating Liabilities		 1,338 25 60 116 132 93 142
Total Equity & Noncontrolling Interests		 2,312 1,159 1,789 2,310 2,463 2,591 2,673
Total Preferred & Common Equity		 2,312 1,159 1,789 2,310 2,463 2,591 2,673
Total Common Equity		 2,312 1,159 1,789 2,310 2,463 2,591 2,673
Common Stock		 697 698 1,140 1,172 1,131 1,145 1,166
Retained Earnings		 640 634 804 1,283 1,566 1,647 1,839
Accumulated Other Comprehensive Income / (Loss)		 -200 -173 -155 -145 -233 -201 -332

Quarterly Balance Sheets for TFI International

No quarterly balance sheets for TFI International are available.

Annual Metrics and Ratios for TFI International

This table displays calculated financial ratios and metrics derived from TFI International's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% -51.28% 90.68% 139.96% -56.51% 11.70%
EBITDA Growth		 0.00% -88.20% 129.19% 765.71% -90.30% 2.15%
EBIT Growth		 0.00% -92.30% 190.15% 955.35% -93.91% -17.15%
NOPAT Growth		 0.00% -94.16% 132.87% 1,622.98% -95.36% -15.68%
Net Income Growth		 0.00% -94.02% 226.63% 1,106.37% -95.35% -16.32%
EPS Growth		 0.00% 0.00% 161.06% 0.00% 0.00% -14.48%
Operating Cash Flow Growth		 0.00% -56.25% 50.98% 45.19% 4.34% 4.81%
Free Cash Flow Firm Growth		 0.00% 0.00% -584.57% 1,718.05% -101.10% -415.81%
Invested Capital Growth		 0.00% 4.48% 44.64% -9.02% 16.05% 23.39%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - -
Gross Margin		 65.37% 20.80% 20.84% 68.24% 20.25% 18.68%
EBITDA Margin		 63.46% 15.37% 18.47% 66.63% 14.86% 13.59%
Operating Margin		 59.55% 9.23% 10.29% 62.91% 8.80% 6.58%
EBIT Margin		 60.65% 9.58% 14.58% 64.14% 8.99% 6.67%
Profit (Net Income) Margin		 59.39% 7.29% 12.48% 62.74% 6.71% 5.02%
Tax Burden Percent		 97.92% 76.02% 99.36% 97.82% 74.60% 75.35%
Interest Burden Percent		 100.00% 100.00% 86.12% 100.00% 99.99% 100.00%
Effective Tax Rate		 1.62% 23.98% 16.75% 2.18% 25.40% 24.65%
Return on Invested Capital (ROIC)		 163.21% 9.32% 17.36% 264.84% 11.94% 8.39%
ROIC Less NNEP Spread (ROIC-NNEP)		 167.05% 10.05% 36.00% 277.62% 12.59% 8.63%
Return on Net Nonoperating Assets (RNNOA)		 234.64% 9.39% 26.58% 190.29% 8.03% 7.66%
Return on Equity (ROE)		 397.85% 18.70% 43.94% 455.13% 19.98% 16.05%
Cash Return on Invested Capital (CROIC)		 0.00% 4.94% -19.14% 274.29% -2.92% -12.55%
Operating Return on Assets (OROA)		 145.44% 9.86% 21.63% 195.01% 11.48% 8.35%
Return on Assets (ROA)		 142.41% 7.50% 18.51% 190.75% 8.56% 6.29%
Return on Common Equity (ROCE)		 397.85% 18.70% 43.94% 455.13% 19.98% 16.05%
Return on Equity Simple (ROE_SIMPLE)		 397.85% 15.41% 38.97% 441.02% 19.48% 15.80%
Net Operating Profit after Tax (NOPAT)		 4,550 266 618 10,654 494 417
NOPAT Margin		 58.58% 7.02% 8.57% 61.53% 6.57% 4.96%
Net Nonoperating Expense Percent (NNEP)		 -3.84% -0.74% -18.65% -12.78% -0.64% -0.24%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 10.23% 7.56%
Cost of Revenue to Revenue		 34.63% 79.20% 79.16% 31.76% 79.75% 81.32%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 5.82% 11.57% 10.55% 5.33% 11.45% 12.10%
Earnings before Interest and Taxes (EBIT)		 4,710 363 1,052 11,105 677 561
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,929 581 1,333 11,536 1,119 1,143
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 4.39 3.68 4.48 4.27
Price to Tangible Book Value (P/TBV)		 0.00 0.00 19.60 10.40 20.28 226.68
Price to Revenue (P/Rev)		 0.00 0.00 1.41 0.52 1.54 1.36
Price to Earnings (P/E)		 0.00 0.00 11.26 0.83 22.98 27.00
Dividend Yield		 0.00% 2.16% 0.88% 1.18% 1.08% 1.52%
Earnings Yield		 0.00% 0.00% 8.88% 119.92% 4.35% 3.70%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 2.85 2.72 3.03 2.59
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 1.67 0.60 1.79 1.69
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 9.02 0.90 12.03 12.45
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 11.42 0.94 19.89 25.38
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 19.43 0.98 27.22 34.13
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 17.95 10.74 13.28 13.39
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.95 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 1.40 0.64 0.83 0.65 0.87 1.06
Long-Term Debt to Equity		 1.36 0.61 0.67 0.64 0.79 1.02
Financial Leverage		 1.40 0.93 0.74 0.69 0.64 0.89
Leverage Ratio		 1.87 2.50 2.37 2.39 2.33 2.55
Compound Leverage Factor		 1.87 2.50 2.04 2.39 2.33 2.55
Debt to Total Capital		 58.34% 38.93% 45.41% 39.57% 46.41% 51.55%
Short-Term Debt to Total Capital		 1.48% 1.47% 8.59% 0.91% 4.09% 1.97%
Long-Term Debt to Total Capital		 56.85% 37.46% 36.82% 38.66% 42.32% 49.58%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 41.66% 61.07% 54.59% 60.43% 53.59% 48.45%
Debt to EBITDA		 0.33 1.96 1.44 0.14 2.01 2.49
Net Debt to EBITDA		 0.33 1.95 1.40 0.12 1.66 2.47
Long-Term Debt to EBITDA		 0.32 1.89 1.17 0.14 1.83 2.39
Debt to NOPAT		 0.36 4.29 3.11 0.15 4.54 6.82
Net Debt to NOPAT		 0.36 4.28 3.03 0.13 3.76 6.77
Long-Term Debt to NOPAT		 0.35 4.13 2.52 0.15 4.14 6.56
Altman Z-Score		 0.00 0.00 3.77 12.05 3.86 3.33
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 1.08 1.00 0.83 1.31 1.25 1.03
Quick Ratio		 0.93 0.92 0.76 1.22 1.15 0.92
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 141 -682 11,034 -121 -623
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 568.03% 421.20% 353.86%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - -
Asset Turnover		 2.40 1.03 1.48 3.04 1.28 1.25
Accounts Receivable Turnover		 16.97 7.21 8.73 16.59 7.82 9.23
Inventory Turnover		 268.83 308.62 344.44 226.40 249.45 326.26
Fixed Asset Turnover		 7.23 3.44 4.09 7.55 3.31 3.17
Accounts Payable Turnover		 7.80 7.40 8.59 7.00 8.70 10.43
Days Sales Outstanding (DSO)		 21.51 50.65 41.83 22.00 46.67 39.54
Days Inventory Outstanding (DIO)		 1.36 1.18 1.06 1.61 1.46 1.12
Days Payable Outstanding (DPO)		 46.82 49.31 42.50 52.12 41.96 34.99
Cash Conversion Cycle (CCC)		 -23.96 2.52 0.39 -28.51 6.17 5.68
Capital & Investment Metrics		 - - - - - -
Invested Capital		 2,788 2,912 4,213 3,833 4,448 5,488
Invested Capital Turnover		 2.79 1.33 2.03 4.30 1.82 1.69
Increase / (Decrease) in Invested Capital		 0.00 125 1,300 -380 615 1,040
Enterprise Value (EV)		 0.00 0.00 12,014 10,438 13,461 14,229
Market Capitalization		 0.00 0.00 10,142 9,058 11,603 11,407
Book Value per Share		 $0.00 $19.15 $24.74 $26.73 $29.94 $31.66
Tangible Book Value per Share		 $0.00 $0.44 $5.54 $9.45 $6.61 $0.60
Total Capital		 2,783 2,929 4,232 4,076 4,835 5,517
Total Debt		 1,623 1,140 1,922 1,613 2,244 2,844
Total Long-Term Debt		 1,582 1,097 1,558 1,576 2,046 2,735
Net Debt		 1,623 1,136 1,871 1,380 1,858 2,822
Capital Expenditures (CapEx)		 0.00 0.00 0.00 171 241 300
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 80 37 100 187 132 142
Debt-free Net Working Capital (DFNWC)		 80 41 119 334 468 142
Net Working Capital (NWC)		 39 -1.69 -245 297 270 33
Net Nonoperating Expense (NNE)		 -63 -10 -282 -209 -10 -5.52
Net Nonoperating Obligations (NNO)		 1,628 1,124 1,902 1,370 1,856 2,815
Total Depreciation and Amortization (D&A)		 218 219 280 431 442 582
Debt-free, Cash-free Net Working Capital to Revenue		 1.03% 0.98% 1.38% 1.08% 1.75% 1.69%
Debt-free Net Working Capital to Revenue		 1.03% 1.09% 1.65% 1.93% 6.21% 1.69%
Net Working Capital to Revenue		 0.50% -0.04% -3.39% 1.71% 3.58% 0.40%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 93.40M 92.15M 86.54M 84.44M 84.41M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $6.97 $0.00 $0.00 $4.96
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 93.40M 92.15M 86.54M 84.44M 84.41M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 93.40M 92.15M 86.54M 84.44M 84.41M
Normalized Net Operating Profit after Tax (NOPAT)		 4,550 256 608 10,654 483 417
Normalized NOPAT Margin		 58.58% 6.78% 8.43% 61.53% 6.42% 4.96%
Pre Tax Income Margin		 60.65% 9.58% 12.56% 64.14% 8.99% 6.67%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.90% 23.99% 31.70%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 6.12% 81.03% 49.83%

Quarterly Metrics and Ratios for TFI International

No quarterly metrics and ratios for TFI International are available.

Frequently Asked Questions About TFI International's Financials

When does TFI International's financial year end?

According to the most recent income statement we have on file, TFI International's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has TFI International's net income changed over the last 5 years?

TFI International's net income appears to be on a downward trend, with a most recent value of $422.48 million in 2024, falling from $4.61 billion in 2019. The previous period was $504.88 million in 2023. Check out TFI International's forecast to explore projected trends and price targets.

What is TFI International's operating income?
TFI International's total operating income in 2024 was $553.39 million, based on the following breakdown:
  • Total Gross Profit: $1.57 billion
  • Total Operating Expenses: $1.02 billion
How has TFI International revenue changed over the last 5 years?

Over the last 5 years, TFI International's total revenue changed from $7.77 billion in 2019 to $8.41 billion in 2024, a change of 8.3%.

How much debt does TFI International have?

TFI International's total liabilities were at $4.47 billion at the end of 2024, a 21.1% increase from 2023, and a 146.7% increase since 2018.

How much cash does TFI International have?

In the past 6 years, TFI International's cash and equivalents has ranged from $0.00 in 2018 to $335.56 million in 2023, and is currently $0.00 as of their latest financial filing in 2024.

How has TFI International's book value per share changed over the last 5 years?

Over the last 5 years, TFI International's book value per share changed from 0.00 in 2019 to 31.66 in 2024, a change of 3,165.8%.


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This page (NYSE:TFII) was last updated on 5/7/2025 by MarketBeat.com Staff
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